From the South China Morning Post, posted on Friday, 18 March, 2016, 4:33pm:

Italian sports car manufacturer Ferrari will build a Ferrari-branded theme park in China, the company announced on Friday.

A statement from the company’s headquarters in Maranello, Italy, said Ferrari had signed a non-binding agreement with China’s Beijing Automotive Group Co and BAIC Eternaland Property Co for licensing of the design, construction and operation of a Ferrari theme park, to be located in one of the “primary cities” in China.

The park’s actual location was not announced, nor the cost of it or the time frame for the development.